What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Lakeview Terrace / Lakeview Tahoe median real estate price is $1,940,432, which is more expensive than 81.6% of the neighborhoods in California and 95.8% of the neighborhoods in the U.S.
The average rental price in Lakeview Terrace / Lakeview Tahoe is currently $1,974, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 90.3% of California neighborhoods.
Lakeview Terrace / Lakeview Tahoe is a rural neighborhood (based on population density) located in South Lake Tahoe, California.
Lakeview Terrace / Lakeview Tahoe real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Lakeview Terrace / Lakeview Tahoe neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Lakeview Terrace / Lakeview Tahoe. The current real estate vacancy rate here is 43.2%. This is higher than the rate of vacancies in 98.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (41.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Occupations
There are more people living in the Lakeview Terrace / Lakeview Tahoe neighborhood employed as sales and service workers (46.7%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Modes of Transportation
More people in Lakeview Terrace / Lakeview Tahoe choose to walk to work each day (24.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Real Estate
Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 43.2% of the residential real estate vacant, the Lakeview Terrace / Lakeview Tahoe neighborhood claims the distinction of having a higher vacancy rate than 98.1% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Lakeview Terrace / Lakeview Tahoe neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Lakeview Terrace / Lakeview Tahoe neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 64.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.3% of U.S. neighborhoods. Less time commuting means more time for other things in life.
People
If you're planning where to retire, the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in CA, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 88.2% of the neighborhoods in California. If you are considering retiring to California, this is a good neighborhood to look at.
Diversity
Did you know that the Lakeview Terrace / Lakeview Tahoe neighborhood has more Brazilian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.7% of this neighborhood's residents have Brazilian ancestry and 1.2% have Romanian ancestry.
Lakeview Terrace / Lakeview Tahoe is also pretty special linguistically. Significantly, 15.2% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
The Neighbors
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.8% of the neighborhoods in America. With 32.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.3% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Lakeview Terrace / Lakeview Tahoe neighborhood, 53.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 19.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (14.6%), and 12.4% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Lakeview Terrace / Lakeview Tahoe neighborhood is English, spoken by 47.4% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region), Italian and Polish.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe, CA, residents most commonly identify their ethnicity or ancestry as Asian (27.7%). There are also a number of people of Mexican ancestry (23.5%), and residents who report German roots (12.8%), and some of the residents are also of Italian ancestry (5.7%), along with some English ancestry residents (3.7%), among others. In addition, 39.9% of the residents of this neighborhood were born in another country.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Lakeview Terrace / Lakeview Tahoe neighborhood spend under 15 minutes commuting one-way to work (64.0% of working residents), one of the shortest commutes across America.
Here most residents (46.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (24.3%) and 21.5% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
